Monad gears up for mainnet and MON token launch

Monad is set to launch its high-performance Layer-1 blockchain mainnet on November 24, alongside the token generation event for its native MON token, which will list on Kraken on launch day.

Monad has confirmed the launch of its high-performance Layer-1 blockchain mainnet on November 24 at 9 a.m. ET. The debut will follow the November 3 claim deadline, which locked user profiles for the MON token airdrop. Eligible participants will receive their MON allocations directly on launch day, marking the culmination of months of testnet participation.

Alongside the mainnet launch, Monad will conduct its token generation event, with MON set to debut on major exchanges on launch day, most notably Kraken. Crypto wallets Phantom and Backpack will provide day-one integration, while Uniswap and Wormhole are set to enable instant interoperability and trading.

Early ecosystem projects, including Molandaks and Alloca, are also preparing to go live on launch day.

The upcoming mainnet launch follows the successful rollout of Monad’s public testnet in February.

Monad accesses backing from major crypto funds

Monad leverages parallel transaction execution and superscalar pipelining, which allows it to support up to 10K transactions per second with one-second finality. The blockchain supports smart contracts, DeFi protocols, and NFT projects, providing developers with a familiar EVM-compatible environment while significantly increasing throughput and reducing latency.

Monad raised a total of $244 million to date, including a $225 million Series A funding round led by Paradigm, with participation from Electric Capital, Coinbase Ventures, Castle Island Ventures, GSR Ventures, and Greenoaks. 

However, as the launch approaches, sentiment on X appears cautious. Many users are considering shorting MON at launch, citing poor performance in premarket trading.